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Australian retail sales miss estimates in August

FXStreet (Bali) - Australian retail sales s.a. (MoM) for the month of August came at +0.1% vs +0.4% exp and +0.4% last.

August key figures

The trend estimate rose 0.2% in August 2014. This follows a rise of 0.2% in July 2014 and a rise of 0.2% in June 2014. The seasonally adjusted estimate rose 0.1% in August 2014. This follows a rise of 0.4% in July 2014 and a rise of 0.6% in June 2014. In trend terms, Australian turnover rose 5.0% in August 2014 compared with August 2013.

The following industries rose in trend terms in August 2014: Food retailing (0.3%), Cafes, restaurants and takeaway food services (0.3%) and Other retailing (0.2%). Household goods retailing was relatively unchanged (0.0%). Department stores (-0.2%) and Clothing, footwear and personal accessory retailing (-0.1%) fell in trend terms in August 2014.

The following states and territories rose in trend terms in August 2014: New South Wales (0.3%), Victoria (0.3%), Western Australia (0.2%), South Australia (0.2%), the Australian Capital Territory (0.4%) and Tasmania (0.3%). Queensland (-0.1%) and the Northern Territory (-0.1%) fell in trend terms in August 2014.

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